Fri, 7 March
4.1 C
Yerevan
USD: 394.58 RUB: 4.43 EUR: 425.79 GEL: 141.83 GBP: 507.86
spot_img
type here...

Armenia’s Central Bank raises key benchmark refinancing rate to 8.5 percent

Banks

YEREVAN, August 13. / ARKA /. Armenia’s Central Bank said it has raised today its benchmark refinancing rate by 0.5 percentage point to 8.5%.

The last time the Central bank revised its refinancing rate was in 2011 September, when it cut it by 0.5 percentage  point to 8 percent. -0-

spot_img

POPULAR

Insurance

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state
Banks

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
Announces

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.
Banks

Euro exchange rate gains 2.01 points

The average market exchange rate of the U.S. dollar to the Armenian dram on March 3, 2025, amounted to 393.69 drams, having increased by 0.34 points compared to February 28.
Banks

Armenia intends to attract funding from the UN Green Climate Fund for climate projects

Armenia plans to secure low-interest loans from the UN Green Climate Fund (GCF) to implement climate change programs.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Average exchange rate of USD NASDAQ OMX Armenia stock exchange drops to 407.06 drams
Next article
Asia stocks swing from gain to loss as Hong Kong cancels trading: Bloomberg